Information Technology (IT)

question 65

Multiple Choice

Information Technology (IT)

• A) consists of the hardware and software throughout a supply chain that gather, analyze, and act on information.
• B) serves as the eyes and ears (and sometimes a portion of the brain) of management in a supply chain.
• C) can have a significant impact on a firm's performance.
• D) all of the above

---

Definitions:

Binomial Populations

Populations that follow a binomial distribution, characterized by only two possible outcomes for each trial.

Standard Error

The estimated standard deviation of a sampling distribution of a statistic, often the mean, indicating the variability of the estimate.

Sample Sizes

The number of units or observations included in a sample drawn from a population; crucial for estimating population parameters with a certain level of precision.

Binomial Populations

Populations where the outcomes for each member can be classified into one of two categories, often conceptualized as "success" or "failure."